How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: virgil vancleave who wrote (13103)	8/3/2000 3:11:01 AM
From: jaytee	of 14162

Virgil and Others: Hi Virgil. Always enjoy your slant on things. Bear or not. You seem to have a plan . . . and follow it thru. NMGC. Hmmmm . . . interesting. How about buying JAN 01 5'S @ 1/2 AND SELLING OCT 7.50'S @ 1/4? Looks like 50 pct ROI to me (on the call) and potentially another 2.50 (unlikely) if you're called out . . . have to exercise your 5's and sell (gladly)to the person calling you out for 7.50. With the stock price at this level (3.00 ). . . the latter seems unlikely. But how do you beat 50pct on call? Am I missing something? Is there enough volume and OI in this stock to warrant one's taking a position? Only pitfall is stock price tanking further? (on their news of restructuring . . . . and lower rev's? for next few qtrs? What do you think? jaytee

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